The operations will be located in Broome County, New York.Īs announced by the regulators, intent is for product to be sold through the first batch of adult use dispensaries, with approximately 150 retail licenses to be awarded to social equity applicants.

Based on its deep experience in cannabis cultivation, the Company anticipates this to yield approximately 2,100 lbs of dried flower and trim.

Under the regulations, the Company is allowed to have one acre of canopy, which equates to approximately 1.5 acres in total space. The license also includes the ability to manufacture and distribute cannabis products – activities that the state has yet to fully define.ĪUDACIOUS and Hempire intend to commence planting its first batch of adult use cannabis towards the end of June 2022, with first harvest anticipated some 8-10 weeks later. AUDACIOUS’ partner, Hempire, meets all requirements and was awarded an Adult-Use Conditional Cultivator License. The state has introduced rules that enable certain hemp license holders to obtain provisional cannabis licenses to serve the adult use market. New York State has implemented the initial phase and is working towards implementing an adult use program, including finalizing regulations for the full program. Industry insiders project the state’s adult use market to reach $4.2 billion by 2024.

With 20.2 million people, New York is the fourth largest U.S. The agreement between Audacious and Hempire is contingent upon state approval. (CSE: AUSA) (OTC: AUSAF) (“AUSA”, “AUDACIOUS”, or the “Company”), today announced that the Company has entered into an agreement with Hempire Farms, LLC (“Hempire”), a New York based cannabis company licensed to cultivate, process and distribute cannabis products in the New York State recreational market. Strengthening Early Mover Advantage in 4th Largest U.S.